Pacquet: what changed
Pacquet
Largest movements
- Receivables within one year +€570,295
up €570,295 (+80.0%), from €712,784 to €1.3m
of which Trade receivables: +€506,548
- Stocks and contracts +€120,188
up €120,188 (+33.7%), from €356,834 to €477,022
of which Contracts in progress: +€120,188
- Cash +€77,455
up €77,455 (+79.5%), from €97,413 to €174,868
mainly Trade debts (+€519,310) and Contributions, distributions and other (+€450,000)
- Tangible fixed assets +€29,433
up €29,433 (+52.6%), from €55,984 to €85,417
of which Leasing and similar rights: +€25,143
- Trade debts +€519,310
up €519,310 (+99.5%), from €521,835 to €1.0m
- Contributions +€450,000
up €450,000 (+1,000%), from €45,000 to €495,000
- Short-term financial debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Reserves +€48,060
up €48,060 (+43.5%), from €110,433 to €158,493
of which Distributable reserves: +€48,060
- Debts after one year +€38,382
up €38,382 (+149%), from €25,799 to €64,181
- Financial charges -€35,077
down €35,077 (-42.9%), from €81,719 to €46,642
- Gross operating margin -€24,299
down €24,299 (-3.6%), from €677,965 to €653,665
- Financial income +€10,795
up €10,795 (+611%), from €1,765 to €12,560
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,238,894 | €2,032,239 | +€793,345 | +64.0% |
| Fixed assets | 21/28 | €61,104 | €90,537 | +€29,433 | +48.2% |
| Tangible fixed assets | 22/27 | €55,984 | €85,417 | +€29,433 | +52.6% |
| Plant, machinery and equipment | 23 | €9,918 | €9,307 | -€611 | -6.2% |
| Furniture and vehicles | 24 | €15,227 | €20,128 | +€4,901 | +32.2% |
| Leasing and similar rights | 25 | €30,839 | €55,982 | +€25,143 | +81.5% |
| Financial fixed assets | 28 | €5,120 | €5,120 | = | 0.0% |
| Current assets | 29/58 | €1,177,790 | €1,941,702 | +€763,912 | +64.9% |
| Stocks and contracts in progress | 3 | €356,834 | €477,022 | +€120,188 | +33.7% |
| Stocks | 30/36 | €220,520 | €220,520 | = | 0.0% |
| Contracts in progress | 37 | €136,314 | €256,502 | +€120,188 | +88.2% |
| Amounts receivable within one year | 40/41 | €712,784 | €1,283,079 | +€570,295 | +80.0% |
| Trade receivables | 40 | €665,963 | €1,172,511 | +€506,548 | +76.1% |
| Other amounts receivable | 41 | €46,822 | €110,568 | +€63,746 | +136% |
| Cash at bank and in hand | 54/58 | €97,413 | €174,868 | +€77,455 | +79.5% |
| Deferred charges and accrued income | 490/1 | €10,759 | €6,732 | -€4,026 | -37.4% |
| Total equity and liabilities | 10/49 | €1,238,894 | €2,032,239 | +€793,345 | +64.0% |
| Equity | 10/15 | €155,433 | €653,493 | +€498,060 | +320% |
| Contributions | 10/11 | €45,000 | €495,000 | +€450,000 | +1,000% |
| Reserves | 13 | €110,433 | €158,493 | +€48,060 | +43.5% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €95,933 | €143,993 | +€48,060 | +50.1% |
| Amounts payable | 17/49 | €1,083,461 | €1,378,746 | +€295,285 | +27.3% |
| Amounts payable after more than one year | 17 | €25,799 | €64,181 | +€38,382 | +149% |
| Financial debts | 170/4 | €25,799 | €64,181 | +€38,382 | +149% |
| Amounts payable within one year | 42/48 | €1,057,662 | €1,314,565 | +€256,903 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €20,178 | €42,378 | +€22,200 | +110% |
| Financial debts | 43 | €300,000 | €0 | -€300,000 | -100% |
| Credit institutions | 430/8 | €300,000 | €0 | -€300,000 | -100% |
| Trade debts | 44 | €521,835 | €1,041,145 | +€519,310 | +99.5% |
| Suppliers | 440/4 | €521,835 | €1,041,145 | +€519,310 | +99.5% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €77,654 | €93,047 | +€15,393 | +19.8% |
| Taxes | 450/3 | €15,438 | €20,753 | +€5,315 | +34.4% |
| Remuneration and social security | 454/9 | €62,216 | €72,294 | +€10,078 | +16.2% |
| Other amounts payable | 47/48 | €37,995 | €37,995 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €522,928 | €517,634 | -€5,294 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,327 | €27,195 | +€5,868 | +27.5% |
| Other operating charges | 640/8 | €3,430 | €5,941 | +€2,511 | +73.2% |
| Gross operating margin | 9900 | €677,965 | €653,665 | -€24,299 | -3.6% |
| Operating profit (loss) | 9901 | €130,279 | €102,895 | -€27,385 | -21.0% |
| Financial income | 75/76B | €1,765 | €12,560 | +€10,795 | +611% |
| Recurring financial income | 75 | €1,765 | €12,560 | +€10,795 | +611% |
| Financial charges | 65/66B | €81,719 | €46,642 | -€35,077 | -42.9% |
| Recurring financial charges | 65 | €81,719 | €46,642 | -€35,077 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €50,326 | €68,813 | +€18,487 | +36.7% |
| Income taxes | 67/77 | €15,438 | €20,753 | +€5,315 | +34.4% |
| Profit (loss) for the period | 9904 | €34,888 | €48,060 | +€13,172 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,888 | €48,060 | +€13,172 | +37.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.